Greensill Bank customers get $3 billion in deposit protection scheme
Reuters
Published Apr 05, 2021 03:46AM ET
Updated Apr 05, 2021 04:00AM ET
FRANKFURT (Reuters) - Germany's banking private banking association said on Monday that it had paid out around 2.7 billion euros ($3.17 billion) to more than 20,500 Greensill Bank customers as part of its deposit guarantee scheme after the bank collapsed last month.
The banking association said only a few customers had yet to receive compensation under the protection fund, which protects individuals but not institutional investors.
($1 = 0.8511 euros)
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Written By: Reuters
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